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                    [ArticleID] => 305153
                    [Title] => UCPB sells entire stake in Forbes Tower
                    [Summary] => United Coconut Planters Bank (UCPB) is selling its entire stake in Forbes Tower, a high-rise luxury residential condominium in Makati, for P3 billion.


The condominium, which has since been renamed Fraser Place, is co-owned with Fraser Serviced Residences Pte. Ltd., a Singapore-based institutional property.


UCPB vice president for asset management and disposition division Christine Carandang said that with the strong performance of the serviced apartments segment, investor interest is expected to heighten.


                    [DatePublished] => 2005-11-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 258308
                    [Title] => UCPB turns down bids for P15-B bad assets
                    [Summary] => United Coconut Planters Bank (UCPB) has turned down all bids for some P15-billion worth of bad assets put on auction late Monday due to disagreements over prices. 


The UCPB auction would have been the first sale of bad assets under the Special Purpose Vehicle Act (SPVA) and would have qualified for incentives administered by the Bangko Sentral ng Pilipinas (BSP). 


UCPB president and chief executive officer Jose L. Querubin said the bank received six sealed bids during the auction but four of the bids did not qualify and the remaining two were below the floor price. 


                    [DatePublished] => 2004-07-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 224589
                    [Title] => Economic downturn dampens high-end real estate market
                    [Summary] => The economic downturn has affected even the normally exempt high-end to luxury real estate market.


Ayala Land Inc. (ALI) senior vice president and head of residential buildings angie de Villa-Lacson said the high end market remains flat.


Adapting to the changing trend, ALI is pursuing a more high-profile marketing strategy for its luxury high-rise residential condominium building, One Roxas Triangle.


According to Lacson, about 70 percent of One Roxas Triangle has actually been sold with 67 percent occupancy.


                    [DatePublished] => 2003-10-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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FORBES TOWER

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            [0] => Array
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                    [ArticleID] => 305153
                    [Title] => UCPB sells entire stake in Forbes Tower
                    [Summary] => United Coconut Planters Bank (UCPB) is selling its entire stake in Forbes Tower, a high-rise luxury residential condominium in Makati, for P3 billion.


The condominium, which has since been renamed Fraser Place, is co-owned with Fraser Serviced Residences Pte. Ltd., a Singapore-based institutional property.


UCPB vice president for asset management and disposition division Christine Carandang said that with the strong performance of the serviced apartments segment, investor interest is expected to heighten.


                    [DatePublished] => 2005-11-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 258308
                    [Title] => UCPB turns down bids for P15-B bad assets
                    [Summary] => United Coconut Planters Bank (UCPB) has turned down all bids for some P15-billion worth of bad assets put on auction late Monday due to disagreements over prices. 


The UCPB auction would have been the first sale of bad assets under the Special Purpose Vehicle Act (SPVA) and would have qualified for incentives administered by the Bangko Sentral ng Pilipinas (BSP). 


UCPB president and chief executive officer Jose L. Querubin said the bank received six sealed bids during the auction but four of the bids did not qualify and the remaining two were below the floor price. 


                    [DatePublished] => 2004-07-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 224589
                    [Title] => Economic downturn dampens high-end real estate market
                    [Summary] => The economic downturn has affected even the normally exempt high-end to luxury real estate market.


Ayala Land Inc. (ALI) senior vice president and head of residential buildings angie de Villa-Lacson said the high end market remains flat.


Adapting to the changing trend, ALI is pursuing a more high-profile marketing strategy for its luxury high-rise residential condominium building, One Roxas Triangle.


According to Lacson, about 70 percent of One Roxas Triangle has actually been sold with 67 percent occupancy.


                    [DatePublished] => 2003-10-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

UCPB sells entire stake in Forbes Tower

By Ted P. Torres | November 4, 2005 - 12:00am

United Coconut Planters Bank (UCPB) is selling its entire stake in Forbes Tower, a high-rise luxury residential condominium in Makati, for P3 billion. The condominium, which has since been renamed Fraser Place,...

Business

UCPB turns down bids for P15-B bad assets

By Des Ferriols | July 21, 2004 - 12:00am

United Coconut Planters Bank (UCPB) has turned down all bids for some P15-billion worth of bad assets put on auction late Monday due to disagreements over prices. The UCPB auction would have been the first sale...

Business

Economic downturn dampens high-end real estate market

By Marianne V. Go | October 18, 2003 - 12:00am

The economic downturn has affected even the normally exempt high-end to luxury real estate market. Ayala Land Inc. (ALI) senior vice president and head of residential buildings angie de Villa-Lacson said the high...

Business